March 24, 2015
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions announces the sale of a Property Management Firm
Contact: Domenic Rinaldi
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Chicago, March 24, 2015 – Chicagoland Sunbelt was engaged by a Chicago based Property Management firm to represent them in the confidential sale of their business. The owner had built a well-established and profitable firm that provides management, accounting and maintenance services to the condominium, townhome and single-family homeowner associations. The company has a very experienced staff that prides itself on providing outstanding client services and has been recognized as one of the best community association management firms in the Chicago suburbs. The company has a solid infrastructure and consistent year over year revenue performance, and is positioned to capture new business through expansion.
“We were pleased that our firm was able to generate 57 potential buyers which resulted in 7 solid offers”, stated Domenic Rinaldi, Managing Partner of Sun Acquisitions. “This property management company is a great model for other firms in the Chicagoland area on how to provide great service”
This was a strategic acquisition by another property management firm that was expanding their footprint into the Chicago market. They have aggressive growth goals and now have an enhanced staff and client base from which to grow. In addition, the seller will remain with the acquiring entity under a two year employment agreement.
This is the 7th property management transaction completed by Sun Acquisitions in the past 3 years and demonstrates their significant experience completing transaction in this industry.
About Domenic Rinaldi
Domenic Rinaldi is the President and Managing Partner of Sunbelt Chicago. He was awarded the professional designation of Certified Business Intermediary from the International Business Brokers Association and is considered an expert in the field of business brokerage. He is a seasoned executive who brings over 24 years of proven experience in merger/acquisition, sales, service, marketing and operations to the business brokerage arena.
Domenic is recognized by colleagues and associates as a leader with determination and integrity. He has helped countless business owners develop, execute and maximize their exit strategies. Personally, he has served on the boards of several non-profit organizations and started a citywide program serving under-privileged school children.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading advisory firm in the Midwest. www.sunacquisitions.com